Zomato Targets $1 Billion Before Swiggy IPO

Zomato is looking to raise $1 billion by selling shares to institutional investors. This is their...

1mo ago

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Zomato's board approves a $1 billion share sale to institutional investors.
This move comes just before rival Swiggy's public debut, aiming to raise about $1.4 billion.
Analysts suggest Zomato's strategy could be to reduce foreig...

Swiggy is aiming for a valuation of $11.7 billion to $12.7 billion for its upcoming IPO, set to launch in early November.
The IPO includes a fresh issue component of Rs 3,750 crore and an offer for sale of up to 182,286,265 equit...

Zomato grew faster than Swiggy in July, with a 29% YoY increase compared to Swiggy's 11%, according to UBS analysts.
Zomato's MoM order growth was 1.6%, while Swiggy saw a 4.6% decline, leading to increased market share for Zomato. -...

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